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. >> host: so a couple powerful phrases in the book were read economy. you can attach a that number if you could explain a little more clearly. in a competitive market, government was set to rule and instruments to with liberalism adjustables as physicists figure out how to have a level playing field as possible. you have to keep trying to make sure the playing field is level how to allocate capital and to succeed. it's also natural tendency to hate towards monopoly or duopoly, or a couple successful firms keep getting bigger and bigger and removing competition. when that happens, once your monopoly or duopoly, you don't want to invest in innovation. you don't want to take risk. you just want to mind the market for right-thinking in which means earning profit in an economy. all of these rules and regulations in every shop tour i'm sure you've read things you have not read in the news media. i show again and again the market is being. this is terrible and explains why we are in economic doldrums and my redundant job creation. >> host: let's go through some of these examples. we'll get back
, you refer -- a couple of powerful phrase, you refer to ours being a rigged economy. if you could explain more clearly. >> guest: well, in a competitive market, government would set the rules and as the germans do, with what they call -- adjust the rules as businesses figure out how to game the rules to have as level a playing field. because the market will figure out best how to outfit capital and who should succeed. but it's also a natural tendency in a capitalist market to good toward monopoly where a couple of successful firms get bigger and bigger and remove competition. and when that happened you get constitute typhic indication. you don't want to take risks. you just want to mind the market, do what economists call rent-seeking, which means earning profits greater than a market economy. when you add to that these rules and regulations -- in the book, every chapter, -- i'm sure you a reading thises you have not read in the news media. i show how again and again and again the market is being rigged. this is terrible for the national economy and explains why we're in these eco
. >> host: so the powerful faces in the book to me or their rickety economy but if you could explain a little more clearly. >> guest: in a competitive market the government would set the rules and as the germans do with what they call the liberalism adjust the rules as the businesses play the rules you are not going to have protection but you have to make sure the playing field because the market will figure out best who should succeed in the capitalist market to head towards monopoly or duopoly that getting bigger and bigger and bigger and when that happens when you get is the ones you are a monopoly or duopoly come you don't want to invest in innovation you just want to mind the market and to rent seeking by which they mean earning profits greater than you would get in the market economy. when you add to that all of these rules and regulations in the book and every chapter as i am sure you've read things you haven't read in the news media show how again and again and again the market is being rigged but this is terrible and helps explain why in the economic doldrums we don't have t
Search Results 0 to 2 of about 3